AXT Inc $AXTI Shares Sold by Park Edge Advisors LLC

Park Edge Advisors LLC cut its stake in shares of AXT Inc (NASDAQ:AXTI) by 69.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,712 shares of the semiconductor company’s stock after selling 34,088 shares during the quarter. Park Edge Advisors LLC’s holdings in AXT were worth $838,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AXTI. Acadian Asset Management LLC raised its stake in AXT by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock worth $412,000 after acquiring an additional 8,039 shares during the last quarter. Creative Planning acquired a new position in shares of AXT in the second quarter valued at about $86,000. XTX Topco Ltd acquired a new position in shares of AXT in the second quarter valued at about $42,000. Dimensional Fund Advisors LP purchased a new position in shares of AXT in the third quarter worth about $145,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of AXT in the third quarter worth about $52,000. 49.52% of the stock is owned by institutional investors and hedge funds.

AXT Stock Performance

NASDAQ:AXTI opened at $69.93 on Thursday. AXT Inc has a one year low of $1.85 and a one year high of $143.16. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of -225.58 and a beta of 1.80. The firm’s fifty day moving average is $97.80 and its two-hundred day moving average is $54.50.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company had revenue of $26.92 million for the quarter, compared to the consensus estimate of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, equities research analysts predict that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AXTI shares. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $43.80.

Insider Transactions at AXT

In other AXT news, Director Jesse Chen sold 6,172 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $115.24, for a total value of $711,261.28. Following the completion of the transaction, the director directly owned 50,275 shares of the company’s stock, valued at approximately $5,793,691. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the transaction, the director directly owned 65,165 shares of the company’s stock, valued at $7,244,393.05. The trade was a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 251,636 shares of company stock worth $27,789,677 over the last quarter. 5.97% of the stock is currently owned by insiders.

AXT Company Profile

AXT, Inc (NASDAQ: AXTI) is a global supplier of compound and single-element semiconductor substrates, offering a range of materials critical for high-performance electronic and optoelectronic devices. Founded in 1986 and headquartered in Fremont, California, AXT specializes in the development, manufacture and distribution of wafers composed of gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and other compound semiconductor materials. These substrates serve as the foundational platforms for devices used in data communications, wireless infrastructure, advanced computing, consumer electronics and photovoltaic applications.

AXT’s product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.